03/23/2020
Firms need to understand the risks and be alive to the constantly evolving threats in the landscape, as there is no one-size-fits-all approach to AML, says Louise MacDonald of HMRC’s Fraud Investigation Service.
03/23/2020
The Ministry addressed a number of matters as part of its business continuity plans in relation to the coronavirus (COVID-19) pandemic.
03/22/2020
The Bahamas Ministry of Tourism & Aviation continues to implement updated protocols and protection measures, guided by the Ministry of Health and other government agencies, in alignment with the country's Preparedness and Response Plan for COVID-
03/22/2020
A $500 a day penalty will also be imposed for continuing offences.
03/21/2020
You can still get a certificate of good standing regardless of whether we still need to process your return.
03/20/2020
The first Covid-19 related scam report was made on February 9.
03/20/2020
The Jersey banking sector has already put into action a range of forbearance measures to deal with the initial impact of the corona virus.
03/20/2020
Some AML compliance departments function reactively rather than identifying future problems and responding to them preventively or avoiding the problems altogether—with some compliance departments resembling “factories” more than agile,
03/20/2020
CCCS has qualified and experienced professionals who have extensive knowledge and understanding of the Cayman Islands regulations.
03/20/2020
Liquidators appointed over non-Guernsey companies under the new powers will be able to exercise their powers over those entities as if they were Guernsey-registered companies.
03/20/2020
The Asian fund market is starting to show its intent to provide alternatives to traditional fund structures which cater and appeal more to Asia-based investors.
03/20/2020
These practices will no doubt continue during the disruptions caused by the Covid-19 pandemic.
03/20/2020
We strongly urge persons not to continue through to the Sister Islands.
03/20/2020
"This sheer variety means that employment policies need to be broad-ranging and ensure that all employees, and the employer, are suitably protected and accounted for."
03/20/2020
In his judgment in KS v ZZ, Wallbank J took the view that it was highly unlikely that the BVI House of Assembly had intended that the legislation in the BVI dealing with disclosure of evidence for use in foreign proceedings should restrict the availabilit
03/19/2020
HM Treasury has published a consultation paper on a new Overseas Funds Regime which sets out a more streamlined regime for overseas funds. The consultation period is open until 11 May 2020.
03/19/2020
The Bermuda International Interests in Mobile Equipment (Cape Town Convention) Act 2016 (the Cape Town Convention Act) gives effect to the Cape Town Convention in Bermuda and came into force along with the convention on 1 January 2018.
03/19/2020
Update prepared by Stephen Alexander (Partner, Jersey) and Tony Pursall (Consultant, London)
03/19/2020
The DITC, which falls under the remit of the Ministry of Financial Services, has contacted all external service providers to confirm their coronavirus contingency plans and obtain assurances of continuity of service.
03/19/2020
Later this year, the project will enter its second phase and transition to a six-month rollout across the Eastern Caribbean region.